CL Redux

riskaddict · Jan 20, 2011

Congrats ND you gonna spend some of that counter trend trading now that we have a defined bottom or can I just place a sell stop at 89.20 and go sharpen my snow shovel.

NoDoji · Jan 20, 2011

Quote from riskaddict:

Congrats ND you gonna spend some of that counter trend trading now that we have a defined bottom or can I just place a sell stop at 89.20 and go sharpen my snow shovel.

Ha ha! So far I don't see a counter-trend move whose entire range matches my smallest with-trend profit!

Ahhh, that friendly trend

Good Fortune · Jan 20, 2011

That was fun!

riskaddict · Jan 20, 2011

I only see 2 legs so far 1 more to go. 88 would be nice and that would make Schiz happy.

EON Kid · Jan 20, 2011

SS 89.39 trgt 89

Good Fortune · Jan 20, 2011

Think we may have a stopping point? DB?

EON Kid · Jan 20, 2011

Quote from EON Kid:

SS 89.39 trgt 89

ex 8948

Picaso · Jan 20, 2011

scratch short .61

NoDoji · Jan 20, 2011

OK, I counter-trended long a while ago and it was a scratch, flipped short with the trend and another 50 ticks just thrown at me.

When key levels break, the next key level is in play. Go with the trend.

Picaso · Jan 20, 2011

Quote from NoDoji:

OK, I counter-trended long a while ago and it was a scratch, flipped short with the trend and another 50 ticks just thrown at me.

When key levels break, the next key level is in play. Go with the trend.

Yep, that failed bo at .68-70 was a good short signal.

Or as RiskAddict put it, simply place a sell stop at .20 and go do something else.